Chapter 500 Layout Subprime Mortgage Crisis
As the first Android mobile phone in this world, the Samsung Galaxy S1 fire is not very expensive, so it is natural that it will soon become popular all over the world. The biggest problem with the Nokia S1 is the lack of third-engine support. In addition, coupled with the high price of the Nokia S1, it is naturally prohibitive.
After half a month, Xiaomi mobile phone 1 was officially released. Xiaomi mobile phone has a beautiful appearance and enough performance, but the price is extremely low, only $299, which is $200 cheaper than the Samsung Galaxy S1, which perfectly interprets what is good quality and low price, and what is "Made in China".
After the Samsung Galaxy S1, the Xiaomi mobile phone 1 quickly swept the world as soon as it was released, and smartphones have since gone from expensive electronics to the general public!
The Xiaomi mobile phone in this life has a very high starting point from the beginning, not only sold in China, but also sold through the world, and won an amazing sales of 5 million in one week!
For a time, the supply exceeded demand!!
Xiaomi and Lei Jun became famous in China and gained a lot of fans.
Previously, although Lei Jun served as the CEO of Jinshan Company, not many people actually knew about him.
But now, China's Xiaomi mobile phone is famous abroad, and Chinese media news and the Internet are reporting on Xiaomi mobile phones, saying that Xiaomi mobile phones are the best mobile phones in China, and the name of Lei Jun is also known to everyone.
The Shenzhen Municipal Government also named Lei Junnei as one of the top 10 most outstanding CEOs in Shenzhen this year.
"Happy Camp" also sent an invitation letter to Lei Jun.
The "Job-to-Job" column invites Xiaomi to send company executives to participate in the show, and it is best for Lei Jun to go.
Lei Jun is high-spirited, and he feels very face-saving wherever he goes.
With the success of Xiaomi phones, more mobile phone manufacturers will emerge in China, such as Huawei, vivo, oppo, etc., which is not much to say.
At this moment, all mobile phone manufacturers in the world can't help but be surprised, Samsung Galaxy S1 can be so popular, people can understand, after all, Samsung has been making mobile phones for many years, and the brand influence is there. But as for the Xiaomi mobile phone, it is a completely new brand, but because of the use of the Android operating system and the low price, it sells even better than the Samsung Galaxy S1!
What does this mean......?
Needless to say, the Symbian alliance has collapsed and existed in name only, and all the mobile phone manufacturers have embraced the Android operating system, and as for the Symbian system, let Nokia play for itself.
Li Zetian was very proud for a while, and the three best mobile phone brands sold at the moment are all his own, haha, happy!
Li Zetian couldn't help but think that if Google was allowed to develop mobile phones, maybe the world's four major mobile phone manufacturers would be their own. However, later Google and Microsoft merged, and Li Zetian gave up the idea of letting Google develop mobile phones, and instead focused on software development!
By June 1, 2006, the Xiaomi Phone 1 had sold a total of 25.5 million units, the Samsung Galaxy S1 had sold 18.4 million units, and Apple's iPhone 1 had sold 67.5 million units.
After Samsung Group was acquired by Li Zetian, it has been developing well, especially this year, Samsung Galaxy S1 sales are selling well, and the performance is outstanding, and the market value of its subsidiary Samsung Electronics alone is as high as 110 billion US dollars!
Xiaomi, which was just established last year, has been valued at more than $10 billion by Wall Street professional appraisal agencies.
And Apple's market capitalization is already as high as $500 billion!
While people were stunned, they also had to sigh that Li Zetian was awesome.
Li Zetian saw that Android was already the trend of the times, and the stone in his heart was put down. If Nokia insists on clinging to the Symbian system, it may be even worse than in its previous life.
Li Zetian still focuses on the development of electric vehicles and unmanned vehicles.
However, as we all know, it is 2006, and the subprime mortgage crisis in the United States is coming, and it will affect the whole world. Li Zetian also has to make preparations, to be precise, he wants to make a big profit!!
The financial crisis caused by the subprime mortgage crisis was the most serious financial crisis in the United States since the "Great Depression" in the 30s of the 20th century. The subprime mortgage crisis, which originated in the United States, has spread around the world, and the global financial system has been greatly affected, and the crisis has hit the real economy very seriously.
Subprime mortgages, also known as subprime mortgages, refer to loans made by some lenders to borrowers with poor credit and low incomes. In the past few years, when the U.S. housing market was at its highest, the subprime mortgage market developed rapidly, and even some borrowers who would normally be considered insolvent were able to obtain home loans, which laid the foundation for the formation of the subprime mortgage market crisis later.
The bank holds a loan contract in its hand, and the loan contract cannot be flowed, that is, it cannot be bought and sold conveniently. But who is the banker, a lump of shi also has to find ways to make money. As a result, the bank packaged and packaged these subordinated loans, resulting in mortgage-backed bonds (MBS), which were then packaged into collateralized debt certificates (CDOs) according to their risk levels, and finally sold the CDOs to investors.
U.S. real estate has been rising, so financial derivatives like CDOs are highly sought after, even to the point of madness!
Frankly speaking, even the bank under Li Zetian's name is involved in it and makes a lot of money......
There's no way, it's the eighth king if you don't make money.
However, Li Zetian knew that the right thing to do was enough, and now that the subprime mortgage crisis was coming, he had to quickly transfer these businesses to other banks or investors.
Dongfang Yuqin belongs to finance, and every time he encountered a financial crisis before, Li Zetian asked Dongfang Yuqin to deal with it. This time was no exception.
In the evening, Li Zetian invited Dongfang Yuqin to his study to discuss these things.
At the beginning, when Dongfang Yuqin heard Li Zetian say that the United States was going to break out of the subprime mortgage crisis, she couldn't close her mouth in surprise, and her face was full of disbelief, but with Li Zetian's evidence and speculation, Dongfang Yuqin couldn't help but believe a little.
One night, when the two were discussing the subprime mortgage crisis, Li Zetian said: "Everyone is optimistic about the 'CDO', and we bet on it to fall!"
Dongfang Yuqin was puzzled: "How to bet?"
"Pull the insurance company in and let them develop a special product 'Mortgage Credit Default Swap CDS', that is: if the CDO price continues to rise, the short will give the insurance company a sum of money every month, and if it falls, the insurance company will lose money!"
When Dongfang Yuqin heard this, she couldn't help but be taken aback, was silent for a while, and asked, "Are you really sure that the subprime mortgage crisis will break out?"
"I'm sure, I trust my judgment!" Li Zetian said very firmly.
"Okay, then I'll arrange it!" Dongfang Yuqin nodded and said.
Li Zetian said: "Well, but don't worry, it may take another year before the outbreak of the subprime mortgage crisis, so at the beginning, the investment is a little less, mainly to let the insurance company make this 'mortgage credit default swap CDS' product, and wait until next year, we will spend a lot of money to make the short !!"
Dongfang Yuqin smiled and nodded: "I understand." ”
"Also, try not to expose that we are shorting. ”
Dongfang Yuqin glanced at Li Zetian and said, "Of course I know this, low-key is king!"
"Well, okay, you go and rest first, I still have to read some papers. Li Zetian kissed Dongfang Yuqin's forehead and said.
"Don't look too late. ”
"Hmm. ”
……
A week later, an AIA came in with a customer. This customer came up with a strange idea.
"I want to short a CDO, do you have that in your insurance company?" he began.
When the manager of the insurance company heard this, he looked at the other party with a stunned face, and after half a ring, asked, "Sir, are you joking?"
"I'm serious, I'm definitely not joking!" the customer shook his head and said in a serious tone.
The manager of the insurance company was stunned, shook his head and said, "I'm sorry, our insurance company doesn't have this product." ”
After speaking, the manager persuaded: "Sir, now that the real estate in the United States is very good, and the CDO has risen sharply, if you want to short the CDO, won't you lose money? ”
The customer shook his head and asked, "Can your company develop a product specifically for this purpose, such as a mortgage credit default swap (CDS), if the price of the debt collateral certificate (CDO) continues to rise, I will give the insurance company a sum of money every month, if it falls, the insurance company will lose money!"
When the manager heard this, his eyes suddenly lit up, and he said in his heart, is this fool here to send money?
"Hello sir, I know what you think. Well, if you go back today, I'll escalate your idea to the company's top management, and after they discuss it, I'll get back to you, okay?"
"Okay. ”
The manager sends the strange customer out the door.
"Oh sir, may I take the liberty of asking, if our insurance company developed a mortgage credit default swap (CDS), how much would you plan to buy?"
"A few million dollars, maybe more......"
As soon as he heard this, the manager suddenly chuckled in his heart, oh God, so much!!
After seeing off the guests, the manager couldn't suppress his excitement and hurriedly reported the matter to the CEO.
The CEO of AIA was in disbelief, "Oh, Tom, is this guy mentally crazy and has his head caught in the door?!" Or is he deliberately joking with us?"
"Mr. Sandy, the client is the director of a small investment company with hundreds of millions of dollars in his hands, and it doesn't look like a joke to listen to his tone. Perhaps, he is really not optimistic about the CDO......"
"The U.S. real estate market is doing well, how can the CDO fall ?!! haha, if he really wants to short the CDO, that's our chance to make a fortune!!" The CEO of AIA couldn't help but laugh.
However, he said that the strange guest who had just come to the American AIA insurance company appeared in another insurance company at this time, and told the manager of this insurance company almost the same thing, and the other party was equally stunned and shocked......
Soon, it became clear in the circle of insurance companies that someone wanted to short the CDO.
"This man's name is Mitch Wiblenn, the manager of an offshore investment company. ”
"Haha, I've never seen such a stupid person!"
"Haha, send us money, don't make money for nothing!"
“……”
The insurance companies were all laughing at the Mitch Wiblen behind his back.
Soon, banks, securities companies, and investors also knew that because the U.S. real estate industry was too good, no one had shorted the CDO, but their reactions, without exception, were ridicule.
Beverly Hills, Los Angeles.
Dongfang Yuqin said to Li Zetian with a smile: "The plan is going to succeed, and the insurance companies have agreed to develop a mortgage credit default swap (CDS), thinking that we are stupid." ”
Li Zetian said indifferently: "Who is stupid and doesn't know! Let's buy one or two million dollars of CDS products first, let them taste the sweetness first, and then next year, we will buy CDS in large quantities one after another, so that these insurance companies will lose money and lose money until they go bankrupt!!
When Dongfang Yuqin heard this, she and Li Zetian glanced at each other, and couldn't help laughing.
Pit the dead, not pay for the life!
So, in September, Mitch Wiblem bought mortgage credit default swaps (CDS) from 13 insurance companies in the United States, worth a total of $25 million.
The incident passed quickly and did not make too many waves. The U.S. real estate market is still good, and Mitch Wiblen has just become a joke in the financial world.
At this time, Dongfang Yuqin has become a busy person, in order to make a big profit in the subprime mortgage crisis, reducing their own losses is also the top priority, not only the company must prepare, but also many investments must be cashed out as soon as possible, otherwise it will be a big loss.
In the midst of the hustle and bustle, before you know it, it's time for Apple to release a new product again.
On October 24, Apple released two products, the iPhone 2 and the tablet iPad.
The iPhone 2 has become a 4-inch display, with a better camera, a more powerful A2 processor, a larger storage capacity, and is thinner, lighter, and has a more beautiful aluminum finish. Although the design difference between iPhone2 and iPhone1 is not very big, once it was released, it was very popular.
But to be honest, there is no black technology coming out at the moment, and no matter how the iPhone is designed, it is impossible to make much changes. Li Zetian has Tim Cook, who understands his past life.
The tablet iPad is between the iPhone and the MacBook, and many people complain that the iPad is an enlarged version of the iPhone. Well, that's true, but the iPad is selling well, what can you do?
As in previous years, after the official release of the iPhone 2 and iPad, there were a lot of people queuing up at the entrance of Apple's flagship store. For these, Li Zetian is accustomed to them.
As the subprime mortgage crisis drew closer, Li Zetian put everything else down. He is now a ferocious wolf, with glowing eyes that are always on the prey of the American subprime mortgage.
In the subprime mortgage crisis, I don't know how many companies went bankrupt and went bankrupt, which is a great opportunity for Li Zetian to strengthen his own strength!
It is hard to imagine how much profit Li Zetian will make if he shorts the US real estate and stock market again with his current strength? After the subprime mortgage crisis, Li Zetian's wealth is so great that even the US government will tremble and want to kill him......